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5 000 000 Mark Reichsbahndirektion
| Issuer | Deutsche Reichsbahn, Direktionsbezirk Erfurt |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Paper |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Deutsche Reichsbahn – Direktionsbezirk Erfurt Gutschein über Fünf Millionen Mark Dieser Gutschein wird von den Eisenbahnkassen in Zahlung genommen oder gegen andere Zahlungsmittel umgetauscht. Vom 20. September 1923 ab kann dieser Gutschein zur Einlösung aufgerufen werden. Erfurt, den 12. August 1923 Reichsbahndirektion A. STENGER, ERFURT |
| Reverse description | The reverse is entirely unprinted, presenting a plain expanse of the note's cream-yellow paper stock with no text, vignettes, or underprint of any kind. |
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| Comments |
Deutsche Reichsbahn's Erfurt directorate issued emergency Notgeld during the hyperinflation peak of 1923, when the Reichsmark was collapsing fast enough that state enterprises couldn't wait for central bank currency to arrive. Railway directorates across Germany were authorized to issue their own notes to pay wages and cover operational costs — this was a payroll instrument as much as a circulating note.
A. Stenger was a local Erfurt printer with no particular prestige in currency production. The five-million-mark denomination, enormous by any earlier standard, was already being overtaken by inflation within weeks of printing.